LITTLE ROCK, Ark. (May 4, 2023) -- Encore Bank today announced it has partnered with Lively Inc., one of the highest-rated providers in the country, to offer an innovative Health Savings Account (HSA).

Part of Encore’s promise to clients is to provide a modern boutique banking experience with an unprecedented level of service. Encore Bank Health Savings Account, powered by Lively, delivers on that promise, with unparalleled 360-degree service at every step.

“We are dedicated to continuously improving our clients' experience and assisting them in achieving their financial goals,” said Burt Hicks, Encore’s president and chief strategy and growth officer.  “We are thrilled to offer our enhanced HSA product. Lively’s intuitive platform, unparalleled service and engaging education will help our commercial clients and their employees realize the full potential of their HSAs and maximize satisfaction with their benefits.”

As of 2022, the average family health insurance premium has increased a staggering 43% since 2012 and continues to rise. With employers shouldering a larger percentage of employee healthcare costs, they’re seeking alternatives like the High Deductible Health Plan (HDHP), which offers employees a lower monthly premium and a higher deductible. Pairing an HDHP with an HSA enables employees to set aside pre-tax money for qualified medical expenses and can drive savings for employers and employees.

The new Encore HSA provides multiple investment options, enhanced HSA functionality for account holders and administrators, and it makes paying for healthcare easier and less expensive with a triple tax-advantaged and portable savings account.

“More than ever, employers are looking for better ways to balance employee wellbeing and the bottom line,” said Alex Cyriac, CEO and co-founder of Lively. “Our partnership with client-centric companies like Encore will help employers effortlessly deliver a modern solution, without the usual headaches.” 

Employers interested in providing the Encore HSA as a benefit to their employees should visit bankencore.com/corporate-hsa or contact Encore Bank representative Lindsey Laing at Lindsey.Laing@bankencore.com.

Individuals interested in opening an Encore HSA account should visit bankencore.com/hsa contact Encore Bank representative Elizabeth Meyer at Elizabeth.Meyer@bankencore.com.

_{About Lively
Lively is the benefit solutions provider that gets it right. We designed our HSA solutions to take the guesswork out of managing benefits. And our innovative features are grounded in your everyday needs and circumstances. That's why our experience is optimized to put you in control at every step. Managing your wellness and wealth takes more than a series of transactions. By combining robust features with unparalleled service, we make benefits effortless, even when your time and energy are limited. With Lively, maximizing your benefits is as simple as it should be. Lively is headquartered in San Francisco, CA with employees across the U.S.}